Tata Motors Posts 32% Decline in Net Profit to Rs 5,783 Crore in Q4, Revenue Sees 7% Growth

Tata Motors Passenger Vehicles Reports 32% Decline in Net Profit for Q4FY26

Tata Motors Passenger Vehicles (TMPVL) has reported a 32% decline in net profit for the quarter ended March 31, 2026, at Rs 5,783 crore. The decline is attributed to soaring raw material costs offsetting higher sales at its luxury JLR unit. In comparison, the company reported a net profit of Rs 8,470 crore in the year-ago period.

The carmaker's revenue from operations rose 7% to Rs 1,05,447 crore in Q4FY26 as compared to Rs 98,377 crore in Q4FY25.

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Challenges Lie Ahead

Tata Motors has stated that it will need to monitor global geopolitical and regulatory challenges for supply-chain risks and cost headwinds. The company plans to leverage healthy demand and continue to deliver profitable and industry-beating growth in domestic business, whilst mitigating the margin headwinds through structural cost reductions.

Resilience in FY26

Dhiman Gupta, Chief Financial Officer, TMPVL, noted that FY26 was a tale of two halves. While domestic business witnessed a strong momentum post GST 2.0, JLR operations faced several headwinds, including tariffs and the cyber incident. In Q4 FY26, all the consolidated financial metrics improved significantly as JLR operations recovered post the cyber incident and domestic business continued its positive trajectory.

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Product Interventions and Cost-Side Actions

Gupta stated that the company will continue to build on its resilience through a slew of product interventions, and cost-side actions, while the global geopolitical environment and commodity prices continue to remain key monitorable.

Dividend Declaration

Tata Motors declared a dividend of Rs 3 per share. The Board of Directors has recommended the declaration of a final dividend of Rs 3 per Equity Share of ₹2 each (@ 150%) for the financial year ended March 31, 2026. The dividend, if declared at the AGM, shall be paid to the eligible shareholders on or before July 14, 2026.

Landmark Year for Tata Motors

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles Limited, noted that FY26 has been a landmark year for the Company, marked by multiple defining milestones. The company achieved its highest ever annual sales of over 6.4 lakh units, delivering industry beating growth of 15% YoY and emerging as the #2 ranked player in H2 FY26.

Electric Vehicles Growth

The company further reinforced its leadership position in electric vehicles, with a sustained focus on strengthening the overall value proposition of its vehicles and holistically addressing adoption barriers. This resulted in robust 43% year on year growth and the company's highest ever annual EV volumes of over 92,000. Q4 FY26 was an outstanding quarter, in which the company registered 37% year on year growth to record its highest ever quarterly sales of over 200,000 units.